Larry Goldstein and Lucian Pugliaresi comment on the proposed Border Adjustment Tax, the so-called BAT. Larry is a member of EPRINC’s board of trustees and its past president. Lucian Pugliaresi is President of EPRINC. Their commentary can be found here.
Trump Administration Decides to Revisit Corporate Average Fuel Economy StandardsRead MoreLucian Pugliaresi and Max Pyziur penned an Op Ed in the The Hill outlining their views on why the Mid Term Evaluation (MTE) on the efficacy of CAFE should get a full review. Although many commentators have viewed the Trump Administration’s decision to proceed with a full review of CAFE as a regulatory roll back, the decision merely restores the original agreement to give the program a full review in 2017 before giving the green light on the more stringent standards through 2025. A link to their Op Ed in The Hill can be found here and an EPRINC version of the Op Ed can be found here.
Carbon Taxes on Transportation FuelsRead MoreIf excise and road taxes were converted to carbon taxes how much would drivers be paying? Will Pack and Steven Lee have a short note estimating the implicit carbon tax already in place for transportation fuels. Any program to impose carbon taxes will have to consider that some fuels are already paying taxes. A copy of the EPRINC note can be found here.
Challenges and Opportunities for the US Petroleum IndustryRead More
Lucian Pugliaresi presented at the 8th Mediterranean Oil & Gas Forum 2017 held on March 1-2, 2017 in Nicosia, Cyprus. His remarks and presentation covered the energy policies of the incoming administration of President Donald J. Trump. A copy of his presentation can be found here.
Challenges in Paying for Tax ReformRead MoreLarry Goldstein takes a look at the challenges in paying for tax reform. If the border adjustment tax is dead, where do we go from here? The carbon tax is unlikely to get much attention, so what about gasoline taxes? Larry’s commentary on this important topic can be found here.
INTEGRATING NORTH AMERICAN ENERGY TRADE REMAINS ESSENTIAL FOR ECONOMIC GROWTH AND ENERGY SECURITYRead MoreNorth American energy trade has been an enormous engine of economic growth and increased energy security and resiliency for all the trading partners in NAFTA. Lucian Pugliaresi provides a commentary and why this issue should be given top priority to make sure it does not fall victim to populist sentiment. His commentary can be found here.
Lucian Pugliaresi, President of EPRINC, has asked the regulatory agencies for more time to undertake research on the recently released (by the US Environmental Protection Agency) draft Technical Assessment Report (TAR) evaluating so-called Corporate Average Fuel Economy (CAFE) and greenhouse gas emission standards for new automobiles. A copy of EPRINC’s request can be found here. A copy of EPA’s draft TAR can be found here.
In economics, there are plenty of dilemmas and challenging questions. As analysts, we are fortunate that oil markets present most of them. Nevertheless, understanding why prices move up or down is essential if we are to evaluate government policy. Clearly, prices move as buyers and sellers respond to signals. But this is only a part of the story. Analysts have been missing and misreading fundamental signals in both the oil and global economic markets.